Acquisitions23 Sept 2025, 06:41 pm
Bajaj Electricals Ltd. to Acquire 'Morphy Richards' Brand for INR 146 Crore
AI Summary
Bajaj Electricals Ltd. has received board approval for the acquisition of the 'Morphy Richards' brand and related intellectual property rights in India, Nepal, Bhutan, Bangladesh, the Maldives, and Sri Lanka from Glen Electric Limited. The transaction, valued at INR 146 crore, is subject to negotiation and execution of definitive agreements and the receipt of necessary statutory and regulatory approvals. The company will make further disclosures as required under the SEBI Listing Regulations upon completion of subsequent events or milestones.
Key Highlights
- Bajaj Electricals Ltd. to acquire 'Morphy Richards' brand and related intellectual property rights
- Transaction valued at INR 146 crore
- Subject to negotiation and execution of definitive agreements
- Necessary statutory and regulatory approvals pending
- Further disclosures to be made as per SEBI Listing Regulations